Tag Archives : taxdodging


Why I Am Taking Action Against HSBC – Sat 21st March 2015

It’s been nearly five years since the coalition government came into power and in the lead up to elections we are taking toll of the government’s legacy. So far the figures are coming in at a whopping £35 billion worth of cuts to public services and we are starting the notice the irreversible changes. Just as it all started to sink in along came the biggest banking leak off all time. Hot on the toes of Chelsea Manning and Edward Snowden, came Hervé Falciani with files revealing widespread tax avoidance, evasion and money laundering being actively marketed to HSBC’s high net worth clients. On the list there has been 7,000 UK citizens identified who have over $21.7 billion of untaxed earnings in HSBC Swiss accounts. As well as starting the crash in the first place back in 2008, the banks are now pocketing billions by dodging tax and helping others do the same. It’s daylight robbery on the grandest scale. We’re not broke. The cuts to our vital public services are a political choice, not an economic necessity. We need to stop the tax dodgers, make the banks pay and fight to protect our public services.

 

In 2010, the coalition government came to power they claimed in their Coalition Agreement that ‘Deficit reduction takes precedence over any of the other measures in this agreement’. Deficit reduction can take two paths. The first path involves cutting public spending and the second route is to increase public spending with the aim of stimulating the economy. There was always a choice. However, from day dot, there was an ideological agenda to roll back the state.

 

The Tory agenda has always been that the market, not the state will solve all societal woes through innovation and enterprise. Spending on public services and welfare was cut deeply, services were sold off to private companies and tax breaks were given to the rich. Furthermore, the tax gap of £35 billion from tax avoidance from UK businesses and the £50 billion gap from criminal and fraudulent activities has gone uncollected.

 

Then along came the biggest banking leak of all time. On the list there has been 7,000 UK citizens identified who have over $21.7 billion of untaxed earnings in HSBC Swiss accounts. Only one person so far has been charged with criminal activity, with George Osborne claiming that it is not his role to bring these people to justice. Not too surprisingly, the man in charge of HSBC at the time Lord Green, is a now a Tory Peer and the party have received £5 million worth of donations from the clients identified in the files.

 

The HSBC files have revealed that austerity is a political choice, and the poorest are paying while the rich are getting richer. If the Tory party win these elections we are looking at another £55 billion worth of cuts by 2019. The reality is that from 2010 – 2015 they took the lowest hanging fruit, and next time round we will all feel the cuts more directly as Britain’s welfare state will be irrevocably dismantled.   I am taking action this Saturday 21st in London against HSBC to raise awareness of the Tory parties failure to bring tax dodgers to justice and to defend our welfare state.


ACTION CALL OUT

The Great British Tax Robbery: CITIZENS’ ARREST

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Election season is upon us. For the past four years we’ve been fighting the coalition government’s savage public sector cuts and exposing their lies and hypocrisy. Labour and the coalition promise more cuts to come. Join us on Saturday the 21st March for a national day of action to send a clear message to the political parties: reverse the cuts!

The government told us they’d “protect the poorest and most vulnerable”. They said “those with the broadest shoulders will bear the brunt of the cuts”. And what have we seen? Dismantling the NHS and wrecking the welfare state. Cutting schools, youth clubs, sure start centres, domestic violence refuges and libraries. Slashing local council budgets. Attacking disabled people with inhumane ‘work capability assessments’ and cuts to vital benefits. Removing access to justice through legal aid cuts. Allowing the big six energy companies to push people into fuel poverty. Cutting jobs, wages and pensions. Selling off social housing and moving people away from their communities. Driving hundreds of thousands into food banks and making families choose between heating or eating.

Angry? Join us on Saturday 21st March on the trail of one of the most obvious crimes of all time: the Great British Tax Robbery. We’re targeting the governments’ favourite tax-dodging bank, HSBC. David Cameron says we can’t afford funding for the welfare state. But the deepest and most brutal cuts to our vital public services have been enacted whilst big banks like HSBC who caused the financial crash pocket billions in tax avoidance and help other companies to do the same.

George Osborne thinks it’s “not his job” to clean up corrupt tax-dodgers. So it’s up to us to show HSBC for what it really is: a crime scene. On Saturday 21st let’s send a clear message to the government and HSBC that what they’ve done is CRIMINAL.

Dress as your detective of choice or as a tax-dodging robber with a bag full of public service swag. Turn your local HSBC into an ‘active crime scene’, cordon off the area, take ‘witness statements’ from passers-by and get set to expose the crimes against our public services.

The government talks about ‘benefits scroungers’, but we all know who’s really scrounging off the state. It’s time to bring the REAL CRIMINALS to JUSTICE.

Go to the actions page to find an action taking place in your area, or organise one yourself! Information here on how to organise an action. If you need any help get in touch on ukuncut@gmail.com.

Use the #taxdodgingistheft hashtag on the day and to get planning.

Let’s come together on the 21st and take a stand against austerity.

See you on the streets!